You can start investing at any stage. Even as a student. However, investing in Bitcoin will be easier and more bearable for you if you have a source of income. You can invest in Bitcoin by spending a small part of your income. It is better to adopt the DCA strategy. If you invest in Bitcoin, you do not need to have a fixed source of income, but you have to start investing. However, if you have a monthly income from any work, you can start investing a small amount every month through the DCA strategy. And it would be wise to adopt the DCA strategy in the first stage. Investing in Bitcoin does not have to be done from a source of income or from an alternative source. If you want, you can also start investing with your tiffin money while you are a student. I have a new investor near me, he is a student and is interested in investing. And he invests a small amount with risk. Later he made some profit and is now more interested in investing. He is now engaged in a part-time job along with his studies and continues to invest. It is not bad for those who are new to investing to invest alongside their source of income if they want to make a profit.
Nice one Lembo69, But I think there is a key part that is missing, don't you think it is not just about having a source of income, it is about knowing how much of that income is free to invest.
I think before anyone, especially a student, starts putting money into Bitcoin, it is important to understand what discretionary income is. That is the money left after essentials like food, bills, and other responsibilities. Without knowing this, someone might end up investing money they can not really afford to lose.
DCA is a great strategy, no doubt. But it only works well when you are consistent and when the money you are putting in is not needed for something critical. Even if it is just small amounts weekly or monthly, it should come from money you’re fully comfortable investing.
So yeah, students can definitely start small, but only if that money truly is not needed elsewhere.